Rand Paul Issues Dire Warning To Fellow Republicans About Trump Tariffs
HuffPost
The Kentucky senator was one of only four Republicans to vote against the Canada tariffs and the emergency powers Trump is using to impose them.
Sen. Rand Paul (R-Ky.), who was one of only four Republicans to vote against President Donald Trump’s steep international tariffs Wednesday, says the policy is “bad” both politically and economically — and has led to utter “decimation” for his party in the past.
The constitutional conservative noted tariffs didn’t work out so well for Republicans when then-Rep. William McKinley (R-Ohio) led the effort for the Tariff Act of 1890, nor when Sen. Reed Smoot (R-Utah) and Rep. Willis C. Hawley (R-Ore.) sponsored their own eponymous levies in 1930.
“When McKinley, most famously, put tariffs on in 1890, they lost 50% of their seats in the next election,” Paul told reporters Wednesday on Capitol Hill. “When [Smoot and Hawley] put on their tariff in the early 1930s, we lost the House and the Senate for 60 years.”
Trump dubbed April 2 “Liberation Day” and announced a sweeping 10% baseline tariff on all imports to the U.S., with levies on some countries set even higher. The European Union and China face tariffs of 20% and 54%, respectively. He has already set tariffs on goods from Canada and Mexico at 25%
Paul and three other Republicans reached across the aisle Wednesday and helped the effort, led by Sen. Tim Kaine (D-Va.), to oppose the Canadian tariffs, resulting in a 51-48 Senate vote in favor of terminating Trump’s emergency powers to impose them.
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